Empowered Funds LLC Purchases New Holdings in Nomad Foods Limited (NYSE:NOMD)

Empowered Funds LLC bought a new stake in Nomad Foods Limited (NYSE:NOMD) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,911 shares of the company’s stock, valued at approximately $317,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its holdings in Nomad Foods by 61.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after purchasing an additional 800 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Nomad Foods by 70.6% during the fourth quarter. Blue Trust Inc. now owns 3,500 shares of the company’s stock worth $59,000 after buying an additional 1,448 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Nomad Foods by 25.8% in the 3rd quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after purchasing an additional 804 shares in the last quarter. R Squared Ltd bought a new position in Nomad Foods in the 4th quarter valued at approximately $83,000. Finally, Barclays PLC lifted its holdings in shares of Nomad Foods by 53.7% during the third quarter. Barclays PLC now owns 7,681 shares of the company’s stock worth $146,000 after purchasing an additional 2,682 shares during the period. Institutional investors own 75.26% of the company’s stock.

Analyst Ratings Changes

NOMD has been the topic of several analyst reports. StockNews.com upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Barclays lowered their target price on Nomad Foods from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Mizuho dropped their target price on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Nomad Foods from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, November 4th.

Nomad Foods Stock Up 1.6 %

Shares of NYSE NOMD opened at $18.38 on Friday. The stock has a market capitalization of $3.00 billion, a PE ratio of 13.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72. The business’s fifty day moving average price is $17.10 and its 200-day moving average price is $17.79. Nomad Foods Limited has a one year low of $15.43 and a one year high of $20.05.

Nomad Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.68 annualized dividend and a dividend yield of 3.70%. This is an increase from Nomad Foods’s previous quarterly dividend of $0.15. Nomad Foods’s dividend payout ratio is currently 51.13%.

Nomad Foods Profile

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.